If we have a government shut down...

[Twotoplace]

Schism brewing in the Republican Party.

 

* * * * * * * * * *

 

Rep. Devin Nunes (R-Calif.) sharply criticized his fellow House Republicans on Monday, saying it's "moronic" for them to let the government shut down over their opposition to Obamacare and calling them "lemmings with suicide vests."

“They have to be more than just a lemming," he said. "Because jumping to your death is not enough."

Nunes slammed his colleagues for their divisive approach, accusing House Republicans of creating an "us versus them" mentality.

“You have this group saying somehow if you’re not with them, you’re with Obamacare. If you’re not with their plan — exactly what they want to do -- you’re with Obamacare. It’s getting a little old,” he said. ...

 

Devin Nunes Calls GOP Colleagues 'Lemmings With Suicide Vests' As Shutdown Looms

[hidinout]

Don't let me wake you from your slumber, but the US is on the verge of an economic boom.

thats freakin so disconnected from reality its comic.

[Twotoplace]

Humorous shutdown-related front page on New York Daily News today:

 

'House Of Turds': NY Daily News Mocks Boehner As Shutdown Arrives (PHOTO)

[Voice of Reason]

Don't let me wake you from your slumber, but the US is on the verge of an economic boom.

 

I wish you were right. It would be in my best interest for you to be right, but I have not seen any indication of such.

 

Recovery yes but a boom? What is fueling this upcoming boom? That last one was fueled by the internet dot com boom but that industry has matured now.

 

thats freakin so disconnected from reality its comic.

 

I won't dig in to what has happened in the stock market over the past couple years. The numbers speak for themselves. Here is why the US is about to explode economically.

 

First and foremost, the US is going to be completely oil independent in the very near future. The US is already a net exporter of oil. With all oil and gas being brought to the market here in the US from the fracking boom, very soon the US will not need to import one drop of oil. Think about that. Oil independence has been a problem in the US since the 70's and in the next couple of years, the US will not need OPEC, crazy Venezuelan dictator oil or any other. It will all be home grown.

 

Two, the reduced cost of gas and oil plus the increase in overseas labor cost is driving a repatriation of jobs here in the US. Bottom line, it is becoming less expensive to manufacture our goods here in the US. There will be little incentive for any company to move a plant when the most productive workers in the world are right here and it costs less to get that productivity.

 

Third, the US economy is further ahead of their economic crisis than other countries around the world. Our nation is the best positioned economy in the world right now for growth. There is less fear and more known economic variables here than there has been at any time in the past 5 years. Big companies are sitting on boatloads of cash they held back out of economic fear and they are not getting comfortable about putting that cash to work.

 

Believe what you want to believe. The information I present here is fact, not propaganda. Barring the unknown foreign policy problem that could sidetrack things, there will be an economic boom primarily driven by fossil fuel independence in the next few years.

[Bluegrasscard]

Don't let me wake you from your slumber, but the US is on the verge of an economic boom.

 

Well....maybe not...

 

DETROIT: GM, Toyota, VW sales stall out in September | National Business News | The State

 

Sales fell at General Motors, Toyota and Volkswagen in September, an odd month that appears likely to snap a 27-month streak of gains for the U.S. auto industry.

Read more here: DETROIT: GM, Toyota, VW sales stall out in September | National Business News | The State

 

GM Vehicle Sales Collapse 11% | Zero Hedge

 

 

• *GM U.S. SEPT. VEHICLE SALES FALL 11%, EST. DOWN 4.2%
  
  
• Inventory up to 82 days from 64 days!! (Surge to 670,191 units from 628,644 prior)
  

 

Lots of major companies reported revenue estimate misses and/or YTY reductions in Q1 and Q2. Q3 earning reports should be interesting.

[Bluegrasscard]

BTW. It seems some major investor has given up on getting their money back on GM....

 

Government sells more GM shares; taxpayers likely to lose $10 billion on bailout - Washington Post

 

The Treasury Department says it still owns 101.3 million GM shares. It got 912 million shares, a 60.8 percent stake in the company, in exchange for a $49.5 billion bailout of GM in 2009. So far taxpayers have recovered about $35.4 billion. That means they’re still around $14.1 billion in the hole.

 

To break even, the remaining shares would have to sell for nearly $140 each. At the Thursday morning trading price of $36.92, the government would get about $3.7 billion more. So taxpayers are likely to lose around $10 billion on the deal.

[LIPTON BASH]

I think the opposite is going to happen. I think as Obamacare plays out more and more people will favor it. The catastrophic predictions are not going to happen. The out of control cost predictions are not going to happen. Economic disaster is not going to happen. Death panels are not going to happen. All the things that have been ranted on for the past 5 years are not going to happen. By this time next year, it is going to look a lot like business as usual and there will be many feel good stories that will over shadow the negative stories. I am sure there will be problems, but nothing catastrophic.

 

We will agree to disagree. This was a poorly written and thought out bill.

[LIPTON BASH]

Don't let me wake you from your slumber, but the US is on the verge of an economic boom.

 

Completly wrong.

[mexitucky]

Well....maybe not...

 

DETROIT: GM, Toyota, VW sales stall out in September | National Business News | The State

 

Sales fell at General Motors, Toyota and Volkswagen in September, an odd month that appears likely to snap a 27-month streak of gains for the U.S. auto industry.

Read more here: DETROIT: GM, Toyota, VW sales stall out in September | National Business News | The State

 

GM Vehicle Sales Collapse 11% | Zero Hedge

 

 

• *GM U.S. SEPT. VEHICLE SALES FALL 11%, EST. DOWN 4.2%
  
  
• Inventory up to 82 days from 64 days!! (Surge to 670,191 units from 628,644 prior)
  

 

Lots of major companies reported revenue estimate misses and/or YTY reductions in Q1 and Q2. Q3 earning reports should be interesting.

 

August did see a record increase for full truckload freight shipments (comparing August 2012 to August 2013). That is a positive sign that people are buying things, maybe not cars.

[Bluegrasscard]

August did see a record increase for full truckload freight shipments (comparing August 2012 to August 2013). That is a positive sign that people are buying things, maybe not cars.

 

There enough of them on I-65 last Thursday between E-town and Nashville!

[CBDV]

The nest bubble to burst is the student loan bubble.

 

Whether you are for or against forgiveness doesn't matter, there is a lot of buying power being sucked up by them.

[Randy Parker]

C.M. Tomlin @CM_Tomlin

Woke up this morning to no government. I guess the skateboarders finally won.

[hidinout]

VOR -- I appreciate your optimism but you are presenting things as " fact" that are far far far from fact . yYour post state as fact we will be oil independent in the near future .. I dont buy that at all. Our economy is pumped up by a Fed printing money by the billions . thats some undeniable fact .

[jericho]

Economy isnt good for us average people, groceries very high, gas still over 3.00, health insurance going up, taxes are getting higher, and NO RAISES. Yeah maybe economy is good for you rich people, but its always good on the rich side aint it. Poor dont matter.

[Bert]

I won't dig in to what has happened in the stock market over the past couple years. The numbers speak for themselves. Here is why the US is about to explode economically.

 

First and foremost, the US is going to be completely oil independent in the very near future. The US is already a net exporter of oil. With all oil and gas being brought to the market here in the US from the fracking boom, very soon the US will not need to import one drop of oil. Think about that. Oil independence has been a problem in the US since the 70's and in the next couple of years, the US will not need OPEC, crazy Venezuelan dictator oil or any other. It will all be home grown.

 

Two, the reduced cost of gas and oil plus the increase in overseas labor cost is driving a repatriation of jobs here in the US. Bottom line, it is becoming less expensive to manufacture our goods here in the US. There will be little incentive for any company to move a plant when the most productive workers in the world are right here and it costs less to get that productivity.

 

Third, the US economy is further ahead of their economic crisis than other countries around the world. Our nation is the best positioned economy in the world right now for growth. There is less fear and more known economic variables here than there has been at any time in the past 5 years. Big companies are sitting on boatloads of cash they held back out of economic fear and they are not getting comfortable about putting that cash to work.

 

Believe what you want to believe. The information I present here is fact, not propaganda. Barring the unknown foreign policy problem that could sidetrack things, there will be an economic boom primarily driven by fossil fuel independence in the next few years.

 

To your first , is fracking really creating that much oil? I know it is supplementing our oil harvest but I not sure if it is enough to making importing a thing of the past. I will grant you, needing less foreign oil is a good thing but I think we need to be enjoyingg a good beer not celebrating with champagne if that makes sense.

 

Higher overseas labor costs seem to have put a lid on the jobs being shipped to China but are they coming back yet? Companies invested a TON in foreign plants, to walk away from them would be hard to believe. My guess is we are not building any new plants and as existing plants age, they will not be replaced. So my assumption is that we have stopped the bleeding but the healing needs to go on.

 

On your third, US is ahead of Europe, but I don't know about South East Asia so I cannot comment there.